CBCT Market Will Be Worth US$960.8 Mn By 2023 Due To Increasing Affordability Of Advanced Computers Equipped With CBCT Units

The trend in the global cone beam computed tomography (CBCT) indicates
that players must invest in developing countries to cater to consumers’ unmet
medical demands and attain bigger revenue shares, says Transparency Market
Research in a new report. Danaher, Planmeca, and Sirona jointly held a massive
share of 70% in the global market in 2015.

Analysts have identified Asia Pacific as the most promising region for
growth in the coming few years. Furthermore, leading players are also focusing
on strategic mergers and acquisitions to expand their product portfolio and
their access to the customers.

Statistics
published by the United Nations Population Division in 2013 suggested that the
aging population is anticipated to reach 2 billion by the end of 2050 from 841
million in 2013. This whopping rise is likely to be the basic premise ushering
in a new wave of growth for the CBCT technologies across the globe. The dental
complications of the aged people are going to increase the demand for
sophisticated imaging techniques in dentistry, thereby propelling the revenues
earned by these technologies in the coming few years. This growth will also be
complemented by factors such as the need for effectiveness in medical
interventions and result-oriented research and development activities.

Heavy
Excise Duties Hamper Market

The
tough excise duty imposed on the sale of medical devices across the U.S. is an
unfair constraint for the CBCT market. The high cost of utilizing this
technology is also holding back several institutes and healthcare centers to
use CBCT technologies. TMR analyst says, “The adamancy to stick with
conventional methods instead of adopting new-age technologies is also hampering
the growth of the CBCT technologies across the world.”

Developing
Nations Open Up Growth Options

Analysts
predict that strengthening economies of Mexico, Brazil, China, and India will
offer a score of opportunities to the overall CBCT market to grow in the near
future. Furthermore, the increasing healthcare expenditure of these countries
is also going to play a major role in the surge of this market. The improving
disposable incomes of Asia Pacific are also going to contribute generously to
the CBCT market in the coming years.

The report published by Transparency
Market Research states that the opportunity in the global CBCT market will be
worth US$ 960.8 mn by the end of 2023. As of 2014, the market was valued at
US$407.5 mn. However, the market will expand at a CAGR of 10.0% between 2015
and 2023. The report also suggests that oral surgery will be fastest-growing
application segment promoting the use of CBCT technology. As of 2015, this
application segment held a share of 26.4% in the overall market. Regionally,
North America held a share of 41.4% in the total of CBCT market in 2015. The
soaring demand for dental procedures is expected to keep this region as the
leading geographical segment in the coming years.

The global CBCT market has been segmented as
follows:

·Global
CBCT Market, by Application

oCBCT in Dental Implant

oCBCT in Orthodontics

oCBCT in Oral Surgery

oCBCT in Endodontics

oCBCT in General Dental Surgery

·Global
CBCT Market, by Geography

oIntroduction

oNorth America

§U.S.

§Canada

oEurope

§Germany

§France

§U.K.

§Rest of Europe

oAsia Pacific

§China

§Japan

§Australia

§Turkey

§Iran

§Indonesia

§Rest of Asia Pacific

oLatin America

§Brazil

§Mexico

§Columbia

§Argentina

§Rest of Latin America

oRest of the World

§Russia

§Middle East & Africa

About
Us

Transparency Market
Research (TMR) is a global market intelligence company providing business
information reports and services. The company’s exclusive blend of quantitative
forecasting and trend analysis provides forward-looking insight for thousands
of decision makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and techniques to
gather and analyze information.